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Posts tagged Forbes

Yep, Gabe Newell is a billionaire

Gabe Newell has an estimated net worth of $1.5 billion, ranking 854th of the 1,226 billionaires in the world. Normally a video game exec being ranked 854th in something wouldn't matter much, but when that rank is in the "these people have at least one billion dollars" list, even the losers are...

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Zynga stock falters, holds on first day of trading

Zynga stock finally roared out of the gate and on to the trading floor yesterday at $10 a share, but investors weren't hugely impressed with the social gaming company. The stock started up a dollar at $11, and then dropped back down two, and then thirty, and then fifty cents during the day,...

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Valve's Gabe Newell discusses company profitability, and getting new eyes

You probably don't need company head Gabe Newell to tell you -- as he did Forbes in a recent profile -- that Valve is "tremendously profitable." But did you know that it's "more profitable than Google or Apple" (per employee)? And did you know that Newell has crazy robot eyes? Okay, okay, he...

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Iwata: 3D functionality of Nintendo 3DS can be turned off

Afraid that the jump-off-the-screen 3D effects promised by Nintendo's next handheld (code-named the 3DS) will become tiresome and overly gimmicky? Addressing concerns that there may be possible health consequences with 3D gaming, Nintendo president Satoru Iwata assured Forbes that the 3D function...

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Activision CEO made nearly $15 million last year

Say what you will about Activision CEO Robert Kotick -- and from what we've seen in previous posts, you will -- the guy knows how to make money. Not just for Activision as a whole (which raked in close to $1 billion in Q2 this year), but for himself as well -- according to a recent Forbes profile...

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Forbes writer defends "knockoff" slam against Rock Band

Earlier in the week, Forbes writer Peter C. Beller became the industry's latest whipping boy after taking ironic (and comical) shots at Harmonix for knocking off Activision's Guitar Hero to develop Rock Band. Calling Rock Band "a shameless knockoff of Guitar Hero," many chalked the remarks up to a...

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Forbes: Rock Band a 'shameless knockoff' of Guitar Hero

We can only assume that Forbes lives in a world with no GuitarFreaks. In the latest issue of the business magazine, a biographical profile of Activision Blizzard CEO Bobby Kotick turns controversial when it accuses Rock Band of ripping off Guitar Hero. According to the magazine, "EA also teamed...

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Forbes profiles Activision CEO, calls Rock Band "shameless knockoff"

Activision Blizzard CEO Bobby Kotick is this month's Forbes magazine cover boy, where the business mag recounts his journey from sandwich delivery boy to billionaire CEO. Surprisingly (read: Not really), Kotick describes himself as not being interesting in games personally but has been more than...

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Forbes profiles Kotick, calls Rock Band 'shameless knockoff of Guitar Hero'

Activision Blizzard CEO Bobby Kotick is the cover story for the latest issue of Forbes magazine, and the article's got one helluva quote -- and it's not even from the man himself. While you might balk at the businessman's lack of gaming credentials (read: he doesn't play games), this is the line,...

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Forbes: Nintendo making $6 profit on every Wii sold

While Sony and Microsoft dream of turning a profit on their consoles, Nintendo is doing just that. According to a new article from Forbes, the Big N makes $6 in operating profit from every Wii unit sold. Nearly 19 million units have been sold worldwide so far during 2008, earning Nintendo a tidy...

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